Program Overview

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Economics Program

The Economics program at Nebraska Wesleyan University offers both Bachelor of Arts (B.A.) and Bachelor of Science (B.S.) degrees. Both degrees are academically equivalent and will fully prepare students for a career in economics.

Program Requirements

• A department-approved supporting program with a minimum of 12 hours outside the economics major is required.
• The Economics major requires 42 hours of coursework, including:
  • ACCT 1310 Principles of Accounting I (3 hours)
  • ACCT 1320 Principles of Accounting II (3 hours)
  • ECON 1530 Macroeconomic Principles (3 hours)
  • ECON 1540 Microeconomic Principles (3 hours)
  • BUSAD 2100/ECON 2100 Business and Economic Statistics (3 hours)
  • BUSAD 2300 Business Communication (3 hours)
  • BUSAD 3300 Quantitative Methods (3 hours)
  • ECON 2020 Money and Banking or BUSAD 3700 Financial Management (3 hours)
  • ECON 2550 Microeconomic Theory (3 hours)
  • ECON 2560 Macroeconomic Theory (3 hours)
  • ECON 4570 International Trade (3 hours)
  • Select two additional courses from 3000-level or 4000-level economics courses or one 3000-level or 4000-level economics course and BUSAD 3700 Financial Management (if not used above) (6 hours)
• A capstone course is required, which can be fulfilled by:
  • ECON 4970 Economics Internship (3 hours)
  • ECON 4610 Economic Viewpoints (3 hours)
  • ECON 4950 Independent Study (3 hours)
• A department-approved math course is also required, which can be:
  • MATH 1100 College Algebra
  • MATH 1400 Pre-Calculus
  • MATH 1450 Finite Mathematics
  • MATH 1500 Calculus for Management, Biological, and Social Sciences
  • MATH 1600 Calculus I

Course Descriptions

ACCT 1310 Principles of Accounting I

This course introduces the basic accounting model and the framework for developing financial statements. The major focus is on the study of generally accepted accounting principles as they apply to the measurement of income and the presentation of a firm's financial position.

ACCT 1320 Principles of Accounting II

This course studies the role of accounting in the formation and capitalization of corporations. Other topics include cash flow, analysis and interpretation of financial statements, and basic managerial accounting.

ECON 1530 Macroeconomic Principles

This course examines the macroeconomic theories, problems, and policies of the U.S. economy. Topics include supply and demand, a description of the main sectors of the economy, and the role of government in stabilizing the economy with monetary and fiscal policies.

ECON 1540 Microeconomic Principles

This course examines the microeconomic theories, problems, and policies of the U.S. economy. Topics include the theory of the firm, market structures, and current economic issues such as income distribution, antitrust policy, poverty, the farm problem, and international trade.

BUSAD 2100/ECON 2100 Business and Economic Statistics

This course introduces descriptive and inferential statistics. Topics include gathering, organizing, interpreting, and presenting data with emphasis on hypothesis testing as a method for decision making in the fields of business and economics.

BUSAD 2300 Business Communication

This course reviews the basics of effective oral and written communication and applies these basics to business writing and presentations.

BUSAD 3300 Quantitative Methods

This course reviews modern quantitative methods used in decision making. The intent is to expose the student to various modeling techniques and to apply these techniques using Excel.

ECON 2020 Money and Banking

This course studies the nature and function of money, monetary theory and policy, and financial institutions; and surveys the historical developments that have affected the U.S. monetary system.

BUSAD 3700 Financial Management

This course introduces financial management of proprietorships, partnerships, and corporations. Concepts of risk and return, time value of money, and stock and bond valuation are analyzed from a quantitative approach and applied throughout the course.

ECON 2550 Microeconomic Theory

This course studies the mechanisms by which resources are allocated in a market economy, the effects of imperfect competition upon resource allocation, and the pricing and employment of inputs.

ECON 2560 Macroeconomic Theory

This course studies the concepts and measurement of national income, including an analysis of the forces determining the level of national income and employment, the price level, and the rate of economic growth.

ECON 4570 International Trade

This course studies the theory of international trade, commercial policy, international monetary affairs, and institutions for international economic stability and development.

ECON 4970 Economics Internship

This course gives opportunity for practical application of theoretical principles learned in the classroom. Each student must work with the department intern coordinator to obtain an economics-related internship.

ECON 4610 Economic Viewpoints

This course analyzes the various economic philosophies that have arisen from Western European and North American experiences. The senior comprehensive requirement may be met in this course by completion of a thesis satisfying departmental guidelines.

ECON 4950 Independent Study

This is a research course. The student initially meets with the department chair to select a study topic and review research methods.

MATH 1100 College Algebra

This course studies functions from algebraic, graphical, numerical, and modeling perspectives. The functions are chosen from among linear, polynomial, rational, exponential, and logarithmic.

MATH 1400 Pre-Calculus

This course studies elementary functions, their graphs, and applications, including polynomial, rational, algebraic, exponential, logarithmic, and trigonometric functions.

MATH 1450 Finite Mathematics

This course surveys specialized mathematical techniques used to solve contemporary problems in business, economics, and the social sciences.

MATH 1500 Calculus for Management, Biological, and Social Sciences

This course is a calculus course for non-mathematics majors. Topics include limits, continuity, differentiation, and integration with emphasis on relevant applications.

MATH 1600 Calculus I

This course introduces calculus of a single variable. Topics include limits, continuity, differentiation, and beginning integration with applications.